DRS Technologies’ Sensor Contract Win Highlights History of Ground Vehicle-Based Thermal Targeting Technology for U.S. Army

DRS TECHNOLOGIES’ SENSOR CONTRACT WIN HIGHLIGHTS HISTORY OF GROUND VEHICLE-BASED THERMAL TARGETING TECHNOLOGY FOR U.S. ARMY

ARLINGTON, VA, October 3, 2016 - DRS Technologies Inc., a Leonardo-Finmeccanica Company, announced today that its Infrared Sensors and Systems business has received a $41.6 million U.S. Army cost-plus-incentive fee contract for the development of a two-color infrared sensor that is expected to significantly enhance the situational awareness and targeting options for mounted troops.

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The 3rd-Generation Forward Looking Infrared Dewar Cooler Bench (DCB) for ground combat vehicles would identify targets from a position beyond the reach of enemy weapons.

“We are very pleased to be able to develop this advanced technology for our warfighters to give them a distinctive edge on the battlefield,” said Shawn Black, Vice President and General Manager of DRS Infrared Sensors & Systems. “This award continues a long history of DRS supplying remarkable infrared sensors for our land forces and shows our unwavering commitment to ensure combat readiness for our troops,” Black continued.

Combining mid-wave and long-wave bands, the DCB will collect thermal radiation and create the infrared image allowing U.S. military forces to see through dust, snow and darkness as well as improving vision in clear conditions. The improved technology will allow vehicle crewmembers to engage targets at much longer ranges than current systems.

The Army plans to conduct a critical design review in early 2017. A low-rate initial-production decision is anticipated in FY 2022 with full-rate production to follow around FY 2024.

About DRS Technologies

DRS Technologies is a leading technology innovator and supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company specializes in naval and maritime systems, ground combat mission command and network computing, global satellite communications and network infrastructure, aviation support and avionics systems, and intelligence and security solutions. Additionally, DRS builds power systems and electro-optical/infrared systems for a wide range of commercial customers. Headquartered in Arlington, Virginia, DRS is a wholly owned subsidiary of Leonardo-Finmeccanica S.p.A., which employs more than 50,000 people worldwide. See the full range of capabilities at www.drs.com and on Twitter @drstechnologies.